Reuters - Business Today

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Monday, November 6, 2017

Broadcom offers $103 billion for Qualcomm, sets up takeover battle

(Reuters) - Chip maker Broadcom Ltd on Monday announced an unsolicited bid to buy peer Qualcomm Inc for $103 billion as it looks to boost its presence in the wireless market, setting the stage for what could be one of the biggest takeover battles.

Oil hits two-and-a-half year peak on Saudi purge, world shares retreat

LONDON (Reuters) - Oil jumped to its highest in over two years on Monday as Saudi Arabia's crown prince cemented his power through a crackdown on corruption, while world shares eased a notch and major currencies traded in tight ranges.

U.S. truck firms accelerate into the merging lane

The consolidation of the U.S. trucking industry is picking up speed, with big trucking companies and private equity funds scooping up smaller firms as a U.S. regulatory mandate is set to go into effect and as drivers push for higher wages.

Goldman Sachs, China's CIC to launch up to $5 billion fund: sources

HONG KONG (Reuters) - Goldman Sachs is partnering with sovereign fund China Investment Corp (CIC) to jointly launch an up to $5 billion fund to invest in U.S. manufacturers, according to people familiar with the situation.

Rebuffed by American Airlines, Qatar Airways buys into Cathay Pacific

DUBAI/SINGAPORE (Reuters) - Qatar Airways has broadened its global reach by purchasing a 9.61 percent stake in Cathay Pacific , adding another strategic investor to the Hong Kong carrier's complicated share register at a time when it is looking to cut costs.

Need help to buy a ship or jet? Credit Suisse looks to lure super-rich

LONDON/ZURICH (Reuters) - The leap in assets at Credit Suisse's private bank to a record high this year has been aided by a key plank of the bank's new strategy: lending money to the world's ultra-wealthy.

LSE has made strong case for Aramco listing: UK PM's spokesman

LONDON (Reuters) - The London Stock Exchange has made a "very strong case" for oil company Saudi Aramco to lists its shares in Britain, a spokesman for Prime Minister Theresa May said on Monday after President Donald Trump urged the king of Saudi Arabia to list in New York.

Anthem names industry veteran Gail Boudreaux as new CEO

(Reuters) - Anthem Inc on Monday named industry veteran Gail Boudreaux as its new chief executive, replacing Joseph Swedish, who will step down after more than four years at the helm of one of the largest U.S. health insurers.

Nissan to resume domestic production of cars for Japan on Tuesday

TOKYO (Reuters) - Nissan plans to resume production of vehicles for its home market at five of its domestic plants from Tuesday after Japan's transport ministry approved changes to the improper final-inspection procedures that forced a major vehicle recall.

Failure of U.S. deal hits Deutsche Telekom shares, growth prospects

FRANKFURT (Reuters) - Deutsche Telekom shares dropped in early Monday trading after the collapse of the merger of its T-Mobile US unit with Sprint Corp, which would have created a strong No.3 player on the U.S. market.